PPP Loan information for Island institute

$686,934

Island institute was initially approved for PPP Loan of amount $686,934, the current approved amount is $686,934. The loan was approved on 03/12/2021 by The Camden National Bank reported 50 jobs and $686,934 was used to fund payroll.

Island institute is Existing or more than 2 years old

PPP Loan Search / ME / Rockland / Island institute

ISLAND INSTITUTE

Date Approved

03/12/2021

SBA Office Code

0172

Processing Method

PPS

Borrower Name

ISLAND INSTITUTE

Borrower Address

386 Main St

Borrower City

Rockland

Borrower State

ME

Borrower Zip

04841-3345

Loan Status Date

03/05/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

686933.89

Current Approval Amount

686933.89

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29633

Servicing Lender Name

Camden National Bank

Servicing Lender Address

2 Elm St

Servicing Lender City

CAMDEN

Servicing Lender State

ME

Servicing Lender Zip

04843-1947

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rockland

Project County Name

KNOX

Project State

ME

Project Zip

04841-3345

CD

ME-01

Jobs Reported

50

NAICS Code

541990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

686929.89

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

29633

Originating Lender

Camden National Bank

Originating Lender City

CAMDEN

Originating Lender State

ME

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

693059.05

Forgiveness Date

02/01/2022

;